GBPUSD 5min, Bulish, but be carfule not to break 1.5444
Alot to explain in this simple chart,
In a bullish channel, looking to re-test the lows and the trading range highs at the retracement 61.8% and the final correction for the 05 pattern,
The threat comes from the bearish butterfly which will activate its bad face if we break the low of the channel 1.5550 to 1.5444, which will take the price to C at 1.5420 at least.
In a bullish channel, looking to re-test the lows and the trading range highs at the retracement 61.8% and the final correction for the 05 pattern,
The threat comes from the bearish butterfly which will activate its bad face if we break the low of the channel 1.5550 to 1.5444, which will take the price to C at 1.5420 at least.